Market Marked By Indices Holding Up, Bloodbath at Sector Level

July 30, 2021

In this strategy briefing…

Summary - S&P 500 closed at 4,395.26 slightly down from an ATH of 4,411.79 last week - The market-action Friday marked a recent reversal, with re-opening and reflation plays declining and ... – The Wall Street DebriefRead more
For the past 45 days, we think the singular factor impacting financial markets, in my opinion, has been the course of the Delta COVID-19 variant.   The transmissibility and potential ability to evade existing vaccinations ... – Tom Lee's Equity StrategyRead more
Below we've highlighted stocks that we recommend across at least two of our investment strategies for 2021. These companies could benefit from multiple themes and secular tailwinds – clear picks in our view. Figure: Granny Shots are ... – Granny ShotsRead more

FS Insight Investment Views

Near Term View: We see Delta Variant peaking fairly soon given the path in other highly vaccinated countries. Markets appear poised to climb a “wall of worry” in August and we are biased toward upside on the month.
‘21 Target: 4,600 (YE P/E 21x · 2022 EPS $219)
Granny shots: AAPL, GOOG, MSFT, CSCO, PG, AMZN, AXP, BF/B, BIIB, CL, CLX, GILD, GRMN, LOW, NTAP, NVDAM PM, PSX, PYPL, QCOM, QRVO, REGN, TGT, TSLA, UPS, XLNX
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